Kenneth Hudes Acquires Multifamily Property On 2nd Place, Carroll Gardens For $3.275M

Located in Carroll Gardens, the property at 124 2nd Place has recently been sold in a closed transaction. The multifamily asset consists of 4 units spread across a total of 4,688 square feet. The sale price for this property was $3,275,000, resulting in a price per unit of $818,750 and a price per square foot of $698. With a capitalization rate of 2.3%, the property offers potential for investment returns.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,275,000
• Address: 124 2nd Place
• Market: Carroll Gardens

Leading the deal on the buyer's side was Kenneth Hudes, while Joseph Paino acted as the seller. The transaction was facilitated by the expertise of brokers Shaun Riney, Mike Salvatico, and Robbie Ferman from Marcus & Millichap. Their contributions played a significant role in the successful completion of the transaction.

A note from the broker expresses appreciation for the work of Stephen Siminou, Esq. from @siminoulaw.